Apple stock dips, Disney & Comcast’s Hulu talks, Bankman-Fried setback: Top stories

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• Yahoo Finance
  

  Disney and Comcast move up Hulu deal date to Sept. 30

  Comcast is moving up the date for its sale of Hulu to Disney, the Comcast CEO said at the Goldman Sachs Communacopia and Tech Conference

  7h ago

• Investopedia
  

  Apple Shares Slide 4% On Report China Banned Its Officials From Using iPhones

  Apple (AAPL) shares fell 4% Wednesday on a report China banned its government officials from using the company’s iPhones for work, as part of Beijing’s effort to reduce its reliance on foreign technology and strengthen cybersecurity.

  2h ago

• The Wall Street Journal
  

  China Bans iPhone Use for Government Officials at Work

  The directive is the latest step in Beijing’s campaign to cut reliance on foreign technology and could hurt Apple’s business in the country.

  52m ago

• 5h ago
• Barrons.com
  

  Comcast and Disney Agree to Speed Up Hulu Sale. Proceeds Will Fund Buybacks, Comcast Says.

  Comcast CEO Brian Roberts said the value of Hulu is much higher than it was five years ago, when it set a $27.5 billion valuation floor with co-owner Disney.

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  3h ago

• Yahoo Finance
  

  Stocks slide as worries about inflation revive: Stock market news today

  Stocks fell on Wednesday, as rising oil prices fueled concerns about inflation and faltering global demand.

  3h ago

• 9h ago
• Yahoo Finance
  

  Battery Boom: $154B invested, 166K jobs planned in US as EV rollout intensifies

  New data shows the massive impact the electric vehicle buildout is making on manufacturing and infrastructure spending in America — a big win for the Biden administration and its legislative agenda.

  4h ago

• Yahoo Finance
  

  Paramount CEO: ‘We’re pulling all these levers’ to keep content flowing amid Hollywood strike

  Paramount CEO Bob Bakish explained what the company is doing to keep viewers entertained as negotiations with Hollywood writers and actors hit a stalemate.

  2h ago

• American City Business Journals
  

  Comcast CEO Brian Roberts says process of selling ‘king-making’ Hulu stake to Disney has accelerated

  Roberts said the process for selling Comcast’s stake to Disney is unprecedented in that a purely streaming asset like Hulu has never been auctioned off before.

  4h ago

• Yahoo Finance
  

  Fed’s Beige Book: Inflation, wage growth will slow later this year

  Businesses in several parts of the country monitored by the Fed struggled in August to pass along higher costs as price growth slows.

  4h ago

• Bloomberg
  

  China’s Distressed Developers Soar in Wave of Speculative Buying

  (Bloomberg) — Speculative bets that Chinese authorities will widen support for the property sector sent some of the country’s ailing developers surging by the most on record. Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Prob

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  13h ago

• American City Business Journals
  

  Meta’s new return to office mandate has taken effect

  The social media giant previously warned that employees could be fired if they don’t comply with its return-to-office policy.

  8h ago

• Engadget
  

  China intensifies its crackdown on officials using iPhones

  China has reportedly widened a ban on the use of iPhones and other imported devices by government officials.

  9h ago

• CoinDesk
  

  Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?

  After bankruptcies tore apart the crypto lending, the industry is attempting to rebuild in a sustainable and accountable manner.

  5h ago

• Yahoo Finance
  

  Airlines warn of higher jet fuel costs as crude prices rise

  The warnings from United, Alaska, and Southwest come as oil prices have risen in the past couple of months due to OPEC+ supply cuts.

  5h ago

• Yahoo Personal Finance
  

  The best high-yield money market accounts for September 2023

  If you’re looking for the best high-yield money market accounts, shop around and compare options from multiple banks and credit unions.

  4h ago

• Barrons.com
  

  Lockheed Stock Tanked. It’s All About the F-35 Fighter Jet.

  The company said it will deliver fewer of the fighter planes this year than management had told investors to expect on a call to discuss its results.

  2h ago

• Business Insider
  

  Jeremy Grantham sounds the alarm on stocks, recession, inflation, and interest rates in a new interview. Here are his 8 best quotes.

  Stocks are poised to tumble once a US recession takes hold, and inflation and interest rates could remain stubbornly high, Jeremy Grantham says.

  3h ago